Akamai Technologies Inc. Files 2023 Annual Report on Form 10-K
Ticker: AKAM · Form: 10-K · Filed: 2024-02-28T00:00:00.000Z
Sentiment: neutral
Topics: Akamai Technologies, 10-K Filing, Annual Report, Financial Performance, Technology Services
TL;DR
<b>Akamai Technologies Inc. has filed its 2023 annual report (10-K) detailing its financial performance and business operations for the fiscal year ending December 31, 2023.</b>
AI Summary
AKAMAI TECHNOLOGIES INC (AKAM) filed a Annual Report (10-K) with the SEC on February 28, 2024. Akamai Technologies Inc. filed its 2023 Form 10-K on February 28, 2024. The filing covers the fiscal year ending December 31, 2023. The company's principal executive offices are located at 145 Broadway, Cambridge, MA 02142. Akamai Technologies Inc. is incorporated in Delaware. The Standard Industrial Classification code for the company is 7389 (Services-Business Services, NEC).
Why It Matters
For investors and stakeholders tracking AKAMAI TECHNOLOGIES INC, this filing contains several important signals. This 10-K filing provides a comprehensive overview of Akamai's financial health, operational strategies, and risk factors for investors and stakeholders. The detailed financial statements and disclosures within the report are crucial for understanding the company's performance and future outlook in the competitive technology services market.
Risk Assessment
Risk Level: medium — AKAMAI TECHNOLOGIES INC shows moderate risk based on this filing. The company operates in the technology services sector, which is subject to rapid technological changes, intense competition, and evolving customer demands, posing a medium risk to its sustained growth and market position.
Analyst Insight
Review the detailed financial statements and risk factors in the 10-K to assess Akamai's competitive positioning and potential for future growth.
Key Numbers
- 2023-12-31 — Fiscal Year End (Reporting period)
- 2024-02-28 — Filing Date (Date of submission)
- 7389 — SIC Code (Standard Industrial Classification)
- DE — State of Incorporation (Legal domicile)
Key Players & Entities
- AKAMAI TECHNOLOGIES INC (company) — Filer name
- AKAM (company) — Ticker symbol
- 10-K (filing) — Form type
- 2024-02-28T00:00:00.000Z (date) — Filing date
- 2023-12-31 (date) — Fiscal year end
- 145 BROADWAY (address) — Business street address
- CAMBRIDGE (location) — Business city
- MA (location) — Business state
FAQ
When did AKAMAI TECHNOLOGIES INC file this 10-K?
AKAMAI TECHNOLOGIES INC filed this Annual Report (10-K) with the SEC on February 28, 2024.
What is a 10-K filing?
A 10-K is a comprehensive annual financial report required by the SEC, covering audited financials, business operations, risk factors, and management discussion. This particular 10-K was filed by AKAMAI TECHNOLOGIES INC (AKAM).
Where can I read the original 10-K filing from AKAMAI TECHNOLOGIES INC?
You can access the original filing directly on the SEC's EDGAR system. The filing is publicly available and includes all exhibits and attachments submitted by AKAMAI TECHNOLOGIES INC.
What are the key takeaways from AKAMAI TECHNOLOGIES INC's 10-K?
AKAMAI TECHNOLOGIES INC filed this 10-K on February 28, 2024. Key takeaways: Akamai Technologies Inc. filed its 2023 Form 10-K on February 28, 2024.. The filing covers the fiscal year ending December 31, 2023.. The company's principal executive offices are located at 145 Broadway, Cambridge, MA 02142..
Is AKAMAI TECHNOLOGIES INC a risky investment based on this filing?
Based on this 10-K, AKAMAI TECHNOLOGIES INC presents a moderate-risk profile. The company operates in the technology services sector, which is subject to rapid technological changes, intense competition, and evolving customer demands, posing a medium risk to its sustained growth and market position.
What should investors do after reading AKAMAI TECHNOLOGIES INC's 10-K?
Review the detailed financial statements and risk factors in the 10-K to assess Akamai's competitive positioning and potential for future growth. The overall sentiment from this filing is neutral.
How does AKAMAI TECHNOLOGIES INC compare to its industry peers?
Akamai Technologies operates in the internet technology sector, providing services related to content delivery, cybersecurity, and cloud computing.
Are there regulatory concerns for AKAMAI TECHNOLOGIES INC?
The filing is made under the Securities Exchange Act of 1934, requiring public companies to disclose material information about their business, financial condition, and operations.
Industry Context
Akamai Technologies operates in the internet technology sector, providing services related to content delivery, cybersecurity, and cloud computing.
Regulatory Implications
The filing is made under the Securities Exchange Act of 1934, requiring public companies to disclose material information about their business, financial condition, and operations.
What Investors Should Do
- Analyze the financial statements for revenue trends and profitability.
- Review the risk factors section for potential challenges and mitigation strategies.
- Examine any disclosures regarding executive compensation or significant corporate events.
Key Dates
- 2023-12-31: Fiscal Year End — End of the reporting period for the 10-K.
- 2024-02-28: Filing Date — Date Akamai Technologies Inc. submitted its 10-K filing.
Year-Over-Year Comparison
This is the initial filing data extracted from the provided text, representing the 2023 10-K.
From the Filing
0001086222-24-000040.txt : 20240228 0001086222-24-000040.hdr.sgml : 20240228 20240228162122 ACCESSION NUMBER: 0001086222-24-000040 CONFORMED SUBMISSION TYPE: 10-K PUBLIC DOCUMENT COUNT: 135 CONFORMED PERIOD OF REPORT: 20231231 FILED AS OF DATE: 20240228 DATE AS OF CHANGE: 20240228 FILER: COMPANY DATA: COMPANY CONFORMED NAME: AKAMAI TECHNOLOGIES INC CENTRAL INDEX KEY: 0001086222 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-BUSINESS SERVICES, NEC [7389] ORGANIZATION NAME: 07 Trade & Services IRS NUMBER: 043432319 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-27275 FILM NUMBER: 24695748 BUSINESS ADDRESS: STREET 1: 145 BROADWAY CITY: CAMBRIDGE STATE: MA ZIP: 02142 BUSINESS PHONE: 6174443000 MAIL ADDRESS: STREET 1: 145 BROADWAY CITY: CAMBRIDGE STATE: MA ZIP: 02142 10-K 1 akam-20231231.htm 10-K akam-20231231 false 2023 FY 0001086222 0.0079170 0.0086073 0.010515 P3Y 460 275 275 183 0001086222 2023-01-01 2023-12-31 0001086222 2023-06-30 iso4217:USD 0001086222 2024-02-23 xbrli:shares 0001086222 2023-12-31 0001086222 2022-12-31 iso4217:USD xbrli:shares 0001086222 2022-01-01 2022-12-31 0001086222 2021-01-01 2021-12-31 0001086222 2021-12-31 0001086222 2020-12-31 0001086222 us-gaap:CommonStockMember 2020-12-31 0001086222 us-gaap:AdditionalPaidInCapitalMember 2020-12-31 0001086222 us-gaap:TreasuryStockCommonMember 2020-12-31 0001086222 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2020-12-31 0001086222 us-gaap:RetainedEarningsMember 2020-12-31 0001086222 us-gaap:CommonStockMember 2021-01-01 2021-12-31 0001086222 us-gaap:AdditionalPaidInCapitalMember 2021-01-01 2021-12-31 0001086222 us-gaap:TreasuryStockCommonMember 2021-01-01 2021-12-31 0001086222 us-gaap:RetainedEarningsMember 2021-01-01 2021-12-31 0001086222 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2021-01-01 2021-12-31 0001086222 us-gaap:CommonStockMember 2021-12-31 0001086222 us-gaap:AdditionalPaidInCapitalMember 2021-12-31 0001086222 us-gaap:TreasuryStockCommonMember 2021-12-31 0001086222 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2021-12-31 0001086222 us-gaap:RetainedEarningsMember 2021-12-31 0001086222 us-gaap:AdditionalPaidInCapitalMember srt:CumulativeEffectPeriodOfAdoptionAdjustmentMember 2021-12-31 0001086222 srt:CumulativeEffectPeriodOfAdoptionAdjustmentMember us-gaap:RetainedEarningsMember 2021-12-31 0001086222 srt:CumulativeEffectPeriodOfAdoptionAdjustmentMember 2021-12-31 0001086222 us-gaap:CommonStockMember 2022-01-01 2022-12-31 0001086222 us-gaap:AdditionalPaidInCapitalMember 2022-01-01 2022-12-31 0001086222 us-gaap:TreasuryStockCommonMember 2022-01-01 2022-12-31 0001086222 us-gaap:RetainedEarningsMember 2022-01-01 2022-12-31 0001086222 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2022-01-01 2022-12-31 0001086222 us-gaap:CommonStockMember 2022-12-31 0001086222 us-gaap:AdditionalPaidInCapitalMember 2022-12-31 0001086222 us-gaap:TreasuryStockCommonMember 2022-12-31 0001086222 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2022-12-31 0001086222 us-gaap:RetainedEarningsMember 2022-12-31 0001086222 us-gaap:CommonStockMember 2023-01-01 2023-12-31 0001086222 us-gaap:AdditionalPaidInCapitalMember 2023-01-01 2023-12-31 0001086222 us-gaap:TreasuryStockCommonMember 2023-01-01 2023-12-31 0001086222 us-gaap:RetainedEarningsMember 2023-01-01 2023-12-31 0001086222 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-01-01 2023-12-31 0001086222 us-gaap:CommonStockMember 2023-12-31 0001086222 us-gaap:AdditionalPaidInCapitalMember 2023-12-31 0001086222 us-gaap:TreasuryStockCommonMember 2023-12-31 0001086222 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-12-31 0001086222 us-gaap:RetainedEarningsMember 2023-12-31 akam:location akam:country akam:city akam:segment 0001086222 akam:CustomerArrangementMember 2023-12-31 0001086222 akam:CustomerContractMember 2023-12-31 0001086222 akam:OneCustomerMember us-gaap:CustomerConcentrationRiskMember us-gaap:AccountsReceivableMember 2023-01-01 2023-